The Rakesh Mohan Committee in its report in 2001 said that Railways' financial situation was extremely difficult and suggested new strategy for revenue generation.
The Indian insurance sector is lacking adequate specialised skilled professionals in areas like actuarial science and treasury management, the Rakesh Mohan Committee on Financial Sector Assessment has said.
Investors should invest in small saving schemes at present levels; these investments will fetch them attractive rates and be insulated against future changes.
Union Railway Minister Suresh Prabhu aligns priorities, funding and organisation to shape a transformation agenda.
Railways must pull back its share of freight traffic.